Leucrotta advances Phase I Mica Pad development, Basal Montney test

Leucrotta Exploration Inc. will begin Phase I operations in mid-July for the Mica Pad development in northeast BC with production expected by mid to late October.

The first pad will consist of 4 wells with 3 placed into the Lower Montney and one placed into the Basal Montney. The wells will have horizontal lengths of 2,400 m completed with a minimum of 130 fracs. Each stage will have 25-35 tonnes of sand per stage or 2 tonnes per m of horizontal length. This is a material increase from Leucrotta's delineation wells that had horizontal lengths of 1,500 m and only 28-41 fracs with an average of less than 1.5 tonnes of sand per m of horizontal length.

Leucrotta recently completed and tested a previously drilled Basal Montney well. The well was completed with 41 frac stages at 60 tonnes of sand per stage and was tested for 10 days. At the end of the test, the well was flowing 300 b/d of light oil and about 1 MMcfd of gas. The result was similar to the test of the offset well in the Lower Montney. The company will now integrate the Basal Montney into Phase I of the Mica Development using materially greater frac intensity.

The operator plans to conduct an extended test of an Upper Montney well at Mica in early fall to better determine a stabilized rate and estimated ultimate recoveries. The well was originally flowing 15 MMcfd of gas and 50 b/d of light oil at the end of a 5-day test.

The company has a 5-year plan to grow to 30,000 boe/d, with the Basal Montney and commencement of the test pad being two first steps.